BP 2010 Annual Report Download - page 5
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Miscellaneousterms
Inthisdocument,unlessthecontext
otherwiserequires,thefollowingterms
shallhavethemeaningsetoutbelow.
ADR
Americandepositaryreceipt.
ADS
Americandepositaryshare.
AGM
Annualgeneralmeeting.
Amoco
TheformerAmocoCorporationandits
subsidiaries.
Annulus
Thespacebetweentwoconcentric
objects,suchasbetweenthewellbore
andcasingofanoilwellorbetween
casingandtubing,whereuidcanow.
Itallowsuids,suchasdrillingmud,to
circulateinthewell.
Atlantic Richeld
AtlanticRicheldCompanyandits
subsidiaries.
Associate
Anentity,includinganunincorporated
entitysuchasapartnership,overwhich
thegrouphassignicantinuenceand
thatisneitherasubsidiarynorajoint
venture.Signicantinuenceisthe
powertoparticipateinthenancialand
operatingpolicydecisionsofanentity
butisnotcontrolorjointcontrolover
thosepolicies.
Barrel
42USgallons.
b/d
barrelsperday.
boe
barrelsofoilequivalent.
BP, BP group or the group
BPp.l.c.anditssubsidiaries.
Burmah Castrol
BurmahCastrolPLCanditssubsidiaries.
Cent or c
One-hundredthoftheUSdollar.
The company
BPp.l.c.
Dollar or $
TheUSdollar.
EU
EuropeanUnion.
GAAP
Generallyacceptedaccountingpractice.
Gas
Naturalgas.
GCRO
GulfCoastRestorationOrganization.
Hydrocarbons
Crudeoilandnaturalgas.
IFRS
InternationalFinancialReporting
Standards.
Joint control
Jointcontrolisthecontractuallyagreed
sharingofcontroloveraneconomic
activity,andexistsonlywhenthe
strategicnancialandoperating
decisionsrelatingtotheactivityrequire
theunanimousconsentoftheparties
sharingcontrol(theventurers).
Joint venture
Acontractualarrangementwherebytwo
ormorepartiesundertakeaneconomic
activitythatissubjecttojointcontrol.
Jointly controlled asset
Ajointventurewheretheventurers
jointlycontrol,andoftenhaveadirect
ownershipinterestintheassetsofthe
venture.Theassetsareusedtoobtain
benetsfortheventurers.Eachventurer
maytakeashareoftheoutputfromthe
assetsandeachbearsanagreedshare
oftheexpensesincurred.
Jointly controlled entity
Ajointventurethatinvolvesthe
establishmentofacorporation,
partnershiporotherentityinwhicheach
venturerhasaninterest.Acontractual
arrangementbetweentheventurers
establishesjointcontroloverthe
economicactivityoftheentity.
Liquids
Crudeoil,condensateandnaturalgas
liquids.
LNG
Liqueednaturalgas.
London Stock Exchange or LSE
LondonStockExchangeplc.
LPG
Liqueedpetroleumgas.
mb/d
thousandbarrelsperday.
mboe/d
thousandbarrelsofoilequivalentper
day.
mmBtu
millionBritishthermalunits.
mmboe
millionbarrelsofoilequivalent.
mmcf
millioncubicfeet.
mmcf/d
millioncubicfeetperday.
MW
Megawatt.
NGLs
Naturalgasliquids.
OPEC
OrganizationofPetroleumExporting
Countries.
Ordinary shares
OrdinaryfullypaidsharesinBPp.l.c.of
25ceach.
Pence or p
One-hundredthofapoundsterling.
Pound, sterling or £
Thepoundsterling.
Preference shares
CumulativeFirstPreferenceSharesand
CumulativeSecondPreferenceSharesin
BPp.l.c.of£1each.
PSA
Aproduction-sharingagreement(PSA)is
anarrangementthroughwhichanoil
companybearstherisksandcostsof
exploration,developmentand
production.Inreturn,ifexplorationis
successful,theoilcompanyreceives
entitlementtovariablephysicalvolumes
ofhydrocarbons,representingrecovery
ofthecostsincurredandastipulated
shareoftheproductionremainingafter
suchcostrecovery.
SEC
TheUnitedStatesSecuritiesand
ExchangeCommission.
Subsidiary
AnentitythatiscontrolledbytheBP
group.Controlisthepowertogovernthe
nancialandoperatingpoliciesofan
entitysoastoobtainthebenetsfrom
itsactivities.
Tonne
2,204.6pounds.
Trust
DeepwaterHorizonOilSpillTrust.
UK
UnitedKingdomofGreatBritainand
NorthernIreland.
US
UnitedStatesofAmerica.
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